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Updated almost 5 years ago on . Most recent reply
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All my casflow is going toward utilities
Hello everyone, I have 2 rental properties, 2 units each in PA where I am paying for water, sewer and heat and these bills are eating my cashflow, I am a new investor, one of my rentals, water, sewer and heat added to 600 dollars for this month, one of the reasons might be that one of my tenant is keeping her windows open all the time claiming that the apartment is too hot and when I lower the heat, she claims she is too cold. I came to conclusion to make thing better, I will be separating utilities meaning get a new boiler and new water heater for each unit so each tenant can be responsible for their own utilities, it will be costly to get a new boiler and new water heater but I think it will pay off in the long run
Any advice on separating utilities, what type of boiler and how big should it be for each unit? Each house is a 3 bedrooms unit and a one bedroom unit. Does anyone know what the best place to get water heater and boilers?
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@Gina Nicolas When are the leases up? At renewal have them sign a new lease allowing for $X in utilities and they are responsible for any overages. If the tenant is leaving the window open, I would tell her to turn down the heat or pay the heating bill.